Under Armour Working On Long-Term Extension With Aaron Judge
Under Armour signed the Yankees star rookie while he was in the minor leagues.
Boston’s The Tannery To Liquidate
The Tannery, the Boston footwear and apparel retailer, filed for Chapter 7 bankruptcy.
EORA Continues To Grow Regional Shows
EORA’s June trade shows held in Edison, NJ, Greenville, SC, and Manchester, NH, finished up strong with retailer and sales rep participation increasing over 8 percent.
Famous Footwear Rolls Out Buy Online, In-Store Pickup
Famous Footwear introduced buy-online, in-store pickup at all its more than 1,000 locations.
Angel Martinez To Join Korn Ferry’s Board Of Directors
Korn Ferry announced that Angel Martinez, the former CEO of Deckers Outdoor Corp., has been elected to serve on the company’s board of directors.
Hi-Tec And 50 Peaks Secure Licensing Agreements
Cherokee Inc. said it entered into license agreements for its Hi-Tec and 50 Peaks brands in several key growth categories.
People Footwear Hires VP Of Sales
Marty Meade previously worked as a senior sales director for Dr. Martens AirWair LLC USA, where he was responsible for complete management for the performance channel.
Waypoint Outdoor Names Amy Beck Brand Manager
Over the last six years, Beck has been in GTM leadership as the VP of sales and marketing for SmartWool and most recently the VP of Wholesale for Lucy Activewear.
Foot Locker Loses Appeal In Pension Dispute
Foot Locker Inc. has to pay higher pension benefits to correct payouts related to the conversion of the company’s pension plan in 1996 to a defined benefit plan with a cash balance formula. A federal appeals court ruled that the retirement plan change that amounted to an impermissible and undisclosed benefit freeze, according to Bloomberg. […]
Darn Tough Vermont Hires Senior Sales And Demand Analyst
Kennedy, who most recently held a similar position at Seventh Generation, will work with the internal team at Darn Tough, the brand’s outside sales agencies and its supply chain.
Industry Excited About Outdoor Retailer’s Move To Denver
While many thanked Salt Lake City for hosting the show for the past 22 years and commiserated with their loss, most of the Outdoor Retailer show veterans reached out to by SGB Exec were thrilled with the decision to move the event to Denver for the next five years.
Aisle Talk, Week Of July 3
Top headlines from the active lifestyle industry you may have missed this week.
Cherokee Shares Tumble On Q1 Loss, Covenant Violation
Shares of Cherokee Global Brands were trading down $2.85, or 37 percent, to $4.90 in mid-day trading Friday after the company reported a surprise first-quarter loss and said it was seeking amendments to comply with certain covenants in its credit facility.
REI Asking Customers To Challenge Trump Administration On Public Lands
Customers were told they were the “public” in “public lands” and should “tell Secretary Ryan Zinke why our public lands need to remain protected now and for future generations.”
Cherokee Global Brands Posts Q1 Loss
Cherokee Global Brands, the parent of Hi-Tec, Tony Hawk Signature Apparel and Flip Flop Shops, reported a loss in its first quarter ended April 29, impacted by the decision by Target, the discount chain, to stop selling the Cherokee brand. The company also said it was seeking an amendment related to a non-compliance with covenants under its credit facility.
